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Arthur J. Gallagher subsidiary acquires assets of Wales-based claims manager

Gallagher Bassett International Ltd. has acquired the assets of Wales-based Adjusting Associates LLP.

Terms of the transaction were not disclosed.

Adjusting Associates mostly manages domestic, commercial, liability and business interruption claims. It serves businesses primarily in the U.K., as well as in Ireland, France, Portugal, Italy and Spain.

Gallagher Bassett is a subsidiary of Arthur J. Gallagher & Co.